Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.
Sanctions are possible but may take time and depend on White House negotiations with allies and Capitol Hill.
Gazprom Neft estimates that the reserves of the light, low-sulphur and low-viscosity Bazhenov formation stand at between 18 billion and 60 billion tonnes.
Biden administration will review restrictions put in place by Trump.
Oil output in the region may see output rebounding to 215 million tonnes in 2021, said Sergei Filatov, head of subsoil management and natural resources at Khanty-Mansiisk (Yugra).
Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin.
An official says that the pipeline’s construction will not resume, even with permission from Denmark.
US has threatened sanctions on companies involved in the project.
Here’s a snapshot of recent energy deals including the closing of Devon’s all-stock merger with WPX plus Pioneer completed its acquisition of Parsley creating a premier Permian independent energy company.
State Department report is expected to be issued later this week.